Selvita Cash Flow Statement

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	0.81	-6.1	69.88	30.31	14.9
Depreciation & Amortization	54.5	53.1	45.45	36.83	27.49
Other Amortization	-	-	-	-	0.69
Loss (Gain) on Equity Investments	-	1.19	1.13	-	-
Stock-Based Compensation	-	3.19	11.51	30.84	31.47
Other Operating Activities	17.95	8.42	-46.8	-2.62	5.95
Change in Accounts Receivable	-	-1.45	14.83	-38.07	-16.39
Change in Inventory	-	-0.32	1.26	-5.86	0.29
Change in Unearned Revenue	-	-3.49	-11.5	11.81	5.61
Change in Other Net Operating Assets	-	9.51	-6.78	7.88	15.4
Operating Cash Flow	73.26	64.07	78.98	75.43	85.41
Operating Cash Flow Growth	14.34%	-18.88%	4.71%	-11.68%	190.93%
Capital Expenditures	-	-18.71	-73.78	-100.59	-25.46
Cash Acquisitions	-	-22.03	-	-	-133.54
Investment in Securities	-	0.31	-0.31	11.42	-3.28
Other Investing Activities	-8.65	3.56	8.88	9.38	0.01
Investing Cash Flow	-8.65	-36.87	-65.21	-79.79	-162.26
Long-Term Debt Issued	-	10.3	24.8	37.84	101.8
Total Debt Issued	-	10.3	24.8	37.84	101.8
Long-Term Debt Repaid	-	-54.9	-44.93	-39.32	-31.42
Total Debt Repaid	-	-54.9	-44.93	-39.32	-31.42
Net Debt Issued (Repaid)	-	-44.6	-20.12	-1.48	70.38
Issuance of Common Stock	-	-	-	-	0.24
Other Financing Activities	-62.9	-12.74	-10.84	-4.2	-3.8
Financing Cash Flow	-62.9	-57.34	-30.97	-5.67	66.82
Foreign Exchange Rate Adjustments	-	0.01	-4.3	0.64	0.58
Miscellaneous Cash Flow Adjustments	-0	-0	0	-	-
Net Cash Flow	1.71	-30.14	-21.5	-9.39	-9.46
Free Cash Flow	73.26	45.36	5.2	-25.16	59.95
Free Cash Flow Growth	61.50%	772.46%	-	-	317.67%
Free Cash Flow Margin	19.74%	13.12%	1.48%	-6.90%	18.99%
Free Cash Flow Per Share	3.99	2.47	0.28	-1.37	3.27
Cash Interest Paid	-	12.74	10.84	4.2	3.8
Cash Income Tax Paid	-	1	1.51	8.87	1.3
Levered Free Cash Flow	143.56	41.84	-19.35	-35.21	46.76
Unlevered Free Cash Flow	143.56	49.51	-12.05	-32.59	49.14
Change in Working Capital	-	4.26	-2.19	-24.24	4.91

Source: S&P Global Market Intelligence. Standard template. Financial Sources.